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The Global Industrial Food Cutting Machines Market size is estimated to grow by USD 111.42 million between 2022 and 2027 accelerating at a CAGR of 3.37%. The growth of the market depends on several factors, including the rising number of product launches, the steady growth of the processing industry, and rising investments in production facilities.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The steady growth of the food processing industry is notably driving the market growth. The growing requirement for food processing as part of the food supply chain globally has helped increase the demand for machines in recent years. Due to the growing popularity of prepared foods that require little preparation time, food companies are increasingly expanding their selection of processed foods.
Additionally, the rising support to the industry through government initiatives in emerging economies, such as India, is expected to further boost the adoption of these processing applications during the forecast period. As part of the Union Budget 2017-2018, the Government of India announced a dairy processing infra fund worth USD 1.2 billion. The government also announced the relaxation of FDI norms for this sector, allowing up to 100% FDI in food product e-commerce. Such reforms are expected to boost the business of these processing companies and subsequently aid the adoption in the coming years. Overall, the growth of the global industry is expected to aid the growth of the global market during the forecast period.
The increasing marketing initiatives taken by companies are the primary market trend. Global companies are using a comprehensive marketing approach, employing various channels such as newspapers, magazines, social media, and TV advertisements, followed by online campaigns to promote their products. This creative strategy improves brand recognition and generates consumer interest, with social media being a crucial component.
Companies utilize social media, particularly Instagram, to showcase product uses and post engaging content to increase product reach and develop brand communities. Increasing marketing efforts are expected to drive the growth of the global market in the forecast period.
An increase in tariffs on steel imports is a major market challenge. The main raw material used is stainless steel. In March 2018, the US imposed a 25% tariff on steel scrap imports to promote domestic production, causing uncertainty in the metals industry. This decision not only impacted China but also other steel-exporting countries such as Canada, Mexico, and Germany, resulting in global steel price fluctuations.
The US imported 35.4 million metric tons of steel in 2017, with China being the largest exporter. NAFTA countries, China, and the EU contributed over 30% of steel imports to the US. Additionally, China's efforts to improve air quality are expected to reduce steel production capacity by 14 million tons in Hebei, a significant steel-producing province. Overall, this uncertainty in the steel trade is likely to negatively affect manufacturing and vendor profit margins in the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
MARELEC Food Technologies - The company offers that cut fresh products into portions of a programmed fixed weight, thickness, or a combination of the two using high-tech scanning with a laser and cameras.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth of the fruits and vegetables segment will be significant during the forecast period. Popular processed tropical fruits include melons, watermelon, jack, papaya, grapefruit, pineapple, and mixed fruits. Fresh vegetables processed for cooking include corn, broccoli, cauliflower, celery, cabbage, and asparagus. F&B sector companies also offer fruit and vegetable mixed salads and leafy vegetable salads. Processing of fruits and vegetables mainly involves mechanical changes such as cutting, peeling, and cutting. After these changes, the processed product is packaged for consumption. Thanks to growing consumer awareness of the health benefits of fresh, wholesome, additive-free, chilled, fresh-cut fruits and vegetables have gained popularity in recent years.
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The fruits and vegetable segment was valued at USD 133.41 million in 2017 and continued to grow by 2021. The growing popularity of fresh and frozen fruits and vegetables is encouraging established companies to launch new fruit and vegetable-cutting machines. In February 2019, Hefferman launched the industrial food chopper FAM Tridis 180, specially designed for the processing of fresh vegetables, individual quick-frozen vegetables, and fruits. The FAM Tridis 180 is suitable for medium cutting and can be used to cut fruits and vegetables such as peach, mango, pear, onion, carrot, and beetroot. Overall, the fruits and vegetables (except potatoes) segment is expected to witness significant growth during the forecast period.
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APAC is estimated to contribute 31% to the growth of the global market industry during the forecast period. Another region offering significant growth opportunities to companies in Europe. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The growing popularity of fresh and frozen fruits and vegetables is encouraging established companies to launch new fruit and vegetable-cutting machines. In February 2019, Hefferman launched the industrial food chopper FAM Tridis 180, specially designed for the processing of fresh vegetables, individual quick-frozen vegetables, and fruits. The FAM Tridis 180 is suitable for medium cutting and can be used to cut fruits and vegetables such as peach, mango, pear, onion, carrot, and beetroot. Overall, the fruits and vegetables (except potatoes) segment is expected to witness significant growth during the forecast period.
The market research report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The Industrial Food Cutting Machines Market is witnessing significant growth due to several key factors. Firstly, the rise in population and increasing spending power are driving the demand for meat, poultry, seafood, dairy, and grains. However, changing preferences towards leisure foods and a focus on health and nutrition are also shaping the market. Additionally, addressing food security concerns is crucial, especially in regions with malnourished populations.
Foreign direct investments are playing a pivotal role in advancing food cutting technologies, particularly in farmed fish solutions and pollution control measures in the marine industry. Both fresh and processed fish are benefiting from these innovations. Industrial food cutting machines are essential in ensuring efficient processing of meat, poultry, seafood, and dairy products, catering to the diverse needs of consumers while maintaining quality and safety standards.
Industrial Food Cutting Machines Market Scope |
|
Report Coverage |
Details |
Page number |
176 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.37% |
Market growth 2023-2027 |
USD 111.42 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
2.44 |
Regional analysis |
Europe, North America, APAC, Middle East and Africa, and South America |
Performing market contribution |
APAC at 31% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Brunner Anliker AG, Buhler AG, CHEERSONIC Ultrasonic Equipment Co. Ltd., DADAUX SAS, Deville Technologies Inc., EMURA FOOD MACHINE Co. Ltd., FAM NV, GEA Group AG, holac Maschinenbau GmbH, Illinois Tool Works Inc., Jaymech Food Machines Ltd., KRONEN GmbH, Marel TREIF GmbH, MARELEC Food Technologies, ProXES GmbH, SONIC ITALIA Srl, Sormac BV, Urschel Laboratories Inc., and Weber Maschinenbau GmbH |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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